Hacker News

So, by extension, I could take money from the government (or really anyone) because it’s not property? If money is not property and not “owned” by someone wouldn’t that drive the population to abandon the “fiction” of a fiat currency?

Maybe, it doesn’t matter the outcome, the objective is to stall and stifle the defendant’s resources.

I got brought to the police station for some trivial 18 year old kid shit back in the day, and my fucking D.A.R.E. officer took all the money out of my wallet and said it was proof of future wrongdoing. I asked for a receipt. And he said I'd have to prove it was my own money first.

I wrote my initials on every big bill for years after that.

Bastards.

I’m curious what the “arcane labor law” is. I have a feeling (given Reason is a libertarian magazine) it’s something like “not paying people.”

Not sure how it works globally, but in most western countries, If you've put your state-issued cash in a bank technically it's not yours anymore anyway. Read your terms and conditions. You've handed it over, either in person or digitally, and declared you no longer own it and is now the property of the bank. You literally consent to it not being yours anymore. They are not holding onto your money for you. When you ask for a withdrawal or purchase something with a card they honor the request by issuing you their second layer corporate credit in good faith, because it would all fall apart if you stopped giving them your money. They do this to protect themselves if they ever become insolvent or the market crashes. Legally they owe you nothing because you "gave it to them". These changes were implemented around the "Global Financial Crisis". To allow them to get away with these changes most governments have a law that says they legally have to provide you with a paltry amount if the bank becomes insolvent for any reason. You could have a million dollars in the bank and if they fail they only legally owe you the $1000 or whatever the amount your government has stipulated. That million is "their" money. You gave it to them!

So anyone upset about this new law, and you should be, and not upset about your bank should do some research. You've already consented to the money not being yours.

Here's a link to better understand money. There's more than one type of money. https://brettscott.substack.com/p/casino-chip-cashless-society https://brettscott.substack.com/p/the-luddites-guide-to-defending-physical-cash